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Derf Company applies overhead on the basis of direct labor hours. Two direct labor hours are required for each product unit. Planned production for the period was set at 9,000 units. Manufacturing overhead for the period is budgeted at $135,000, of which 20 percent is fixed. The 17,200 hours worked during the period resulted in production of 8,500 units. Manufacturing overhead cost incurred was $136,500.Calculate the following three overhead variances:
a. Overhead volume variance.
b. Overhead efficiency variance.
c. Overhead spending variance.
On September 1, 2006, Sam's Shoe Co. issued $350,000 of 8% bonds. The bonds pay interest semiannually on January 1 and July 1 of each year. The bonds were sold at the face amount. How much cash did Sam's receive upon sal of the bonds?
1.a company has 44000 shares of common stock outstanding. the stockholders equity applicable to common shares is 525800
With the time and material pricing method, the hourly time charge is typically set equal to:
adams countys board of representatives is considering the construction of a longer runway at the county airport.
an investment of 600000 increased to 1000000 over a 5-year period. what was the rate of return on the
High Ridge Merchandising Co. sold inventory that had a cost of $10,000. Assuming High Ridge uses the perpetual inventory method, the effect of the journal entry to record Cost of Goods Sold would:
The balance in Accounts Receivable was $200,000 at 1/1 and $240,000 at 12/31. At 12/31/10, Smithson estimates that 5% of accounts receivable will prove to be uncollectible. What is Bad Debt Expense for 2010?
armstrong corporation manufactures bicycle parts. the company currently has a 20400 inventory of parts that have become
ellis enterprises produces high quality blankets sold to hotels and resorts. blankets must be well made because of
At the end of the year, Roger's share of partnership liabilities increased by $20,000. Roger's basis in the partnership interest at the end of the year is:
merger co. has ten employees each of whom earns 2000 per month and has been employed since january 1. fica social
total costs to account for is1. the number of units finished during theperiod2. equal to the dollar value offending
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